Fintel reports that on January 17, 2025, William Blair initiated coverage of Sterling Infrastructure (NasdaqGS:STRL) with a Outperform recommendation.
Analyst Price Forecast Suggests 0.37% Downside
As of December 23, 2024, the average one-year price target for Sterling Infrastructure is $177.82/share. The forecasts range from a low of $126.25 to a high of $210.00. The average price target represents a decrease of 0.37% from its latest reported closing price of $178.48 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Sterling Infrastructure is 2,104MM, an increase of 0.05%. The projected annual non-GAAP EPS is 4.23.
What is the Fund Sentiment?
There are 774 funds or institutions reporting positions in Sterling Infrastructure. This is an increase of 58 owner(s) or 8.10% in the last quarter. Average portfolio weight of all funds dedicated to STRL is 0.30%, an increase of 5.31%. Total shares owned by institutions increased in the last three months by 4.67% to 33,355K shares. 
The put/call ratio of STRL is 0.84, indicating a bullish outlook.
What are Other Shareholders Doing?
Fuller & Thaler Asset Management holds 1,428K shares representing 4.65% ownership of the company. In its prior filing, the firm reported owning 1,211K shares , representing an increase of 15.17%. The firm increased its portfolio allocation in STRL by 32.44% over the last quarter.
FTHNX - Fuller & Thaler Behavioral Small-Cap Equity Fund Investor Shares holds 1,357K shares representing 4.42% ownership of the company. In its prior filing, the firm reported owning 1,150K shares , representing an increase of 15.24%. The firm increased its portfolio allocation in STRL by 27.68% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 922K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 920K shares , representing an increase of 0.20%. The firm increased its portfolio allocation in STRL by 15.33% over the last quarter.
Renaissance Technologies holds 878K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 972K shares , representing a decrease of 10.69%. The firm decreased its portfolio allocation in STRL by 1.84% over the last quarter.
FOCPX - Fidelity OTC Portfolio holds 839K shares representing 2.73% ownership of the company. In its prior filing, the firm reported owning 1,148K shares , representing a decrease of 36.80%. The firm decreased its portfolio allocation in STRL by 23.25% over the last quarter.
Sterling Infrastructure Background Information
(This description is provided by the company.)
Sterling Construction Company, a Delaware corporation, is a construction company that has been involved in the construction industry since its founding in 1955. The Company operates through a variety of subsidiaries within three segments specializing in Heavy Civil, Specialty Services, and Residential projects in the United States (the "U.S."), primarily across the southern U.S., the Rocky Mountain States, California and Hawaii, as well as other areas with strategic construction opportunities. Heavy Civil includes infrastructure and rehabilitation projects for highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems. Specialty Services projects include construction site excavation and drainage, drilling and blasting for excavation, foundations for multi-family homes, parking structures and other commercial concrete projects. Residential projects include concrete foundations for single-family homes.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
